The role of quantitative methods in analyzing competition through quantities:A case study of OPEC and non-OPEC

Samir Cheklelou and Mohammed Benmeriem
Additional contact information
Samir Cheklelou: University of Chlef (Algeria)
Mohammed Benmeriem: University of Chlef (Algeria)

IJEP, 2024, vol. 7, issue 02, Pages : 71-92

Abstract: This study aims to examine the type and degree of competition between OPEC and non-OPEC countries based on production volumes during the period from 1965 to 2023, using important quantitative tools. The study reached the following conclusions :The market share of non-OPEC countries is 1.5 times larger than that of OPEC countries on average .The volatility of OPEC countries' elasticity is greater than the volatility of non-OPEC countries' elasticity .The results of the VAR model showed a negative (positive) relationship between the production quantity of OPEC and non-OPEC countries, with an impact size of -0.32 (0.35). However, the production of non-OPEC countries does not significantly affect the production of OPEC countries .The Granger and Toda-Yamamoto tests proved the existence of a unidirectional causal relationship, specifically from OPEC countries' production to non-OPEC countries' production.

Keywords: competition by quantities; Hirschman-Hervandahl index; cross elasticity; VAR models; Granger test; Toda-Yamamoto test (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ijep.dz/index.php/IJEP/article/view/329 Abstract page (text/html)
https://ijep.dz/index.php/IJEP/article/download/329/307 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bjm:ijep00:v:7:y:2024:i:02:id:329

DOI: 10.54241/2065-007-002-005

Access Statistics for this article

More articles in IJEP from ALPEC The performance of Algerian economic institutions in light of international economic mobility , Boumerdes University
Bibliographic data for series maintained by BOUZID Ahmed ().